Actually money is a media. It should be always circulating and remain still in pockets or lockers. Money is similar to blood and it is expected to be circulatory else it will be like a clot in body. Politicians encouraged corruption since Independence and it was a burden to common mass. Now ‘Artha Kranti’ proposal has created new hopes. There is a ray of hope that Modi might agree to this proposal. He tried to bring the people to bank through ‘Jan Dhan Yojana’. Seems like tying to take control over tax system by passing GST bill.
India is definitely turning itself towards a new Economic structure. Yes, Shri Narendra Modi has taken a firm steps towards making the country strong. He dreamt of ‘One Nation, One Election and now it been implemented. In spite of opposition, GST bill was passed stating ‘One Nation, One Tax system’. Now he has taken a new step by proposing ‘Uniform Civil Code’ and polling the public opinion. Amidst of people stating ‘Modi Divides based on caste, Spreads communism, Divides nation’ he is trying to unite whole nation. If possible he might get us back the older royal heritage!
Is his further vision would be to make the country economically stable and strong? The answer would be an Yes if we observe his statements. He states ‘Declare black money be September 30 or face action’ and creates hopes to eradicate corruption in the minds to common man. Following the same path Shri Chandra Babu Naidu; chief minister of Andhra Pradesh warns government to ban 500 and 1000 rupee currencies to control corruption.
Anil Bokil; a industrialist from Maharashtra and his friends has given a thought to bring in a new, simple economic system to reduce corruption. On studies they came to know that the our current Tax system encourages us to be corrupt. Common man bears a huge burden by paying direct and most importantly indirect taxes. Just for information, even after paying Income tax we need to pay property tax. We pay tax to buy a vehicle and road tax separately. There are many type of Cess that we pay in petrol bunks. We pay service tax in hotels and we a VAT on everything we buy. On top of these we give tips! On a rough scale we daily pay around 50 different types of taxes. Yes, each and every one right from a LKG kid to a 90 year old on a death bed pay tax!
What could be the solution? Abolish all the type of taxes! Why to pay taxes when we earn and also when we spend? Let the current tax system be abolished, let every transaction be done though banks and let there be only 2% deduction on every earning! This system levies tax only on earnings and not on what we spend. This tax is shared among Central, State governments, local bodies and banks too. On comparing to the current system of tax this system enables collection of twice the amount of what is collected now!
Also, Anil Bokil’s team of ‘Artha Kranti’ proposes to ban the notes of higher value than 100 rupee. As stated by government 75% of the population are below poverty line. It is highly difficult for these people to earn 100 rupees per day. Considering these people is there any profit that we gain to print 500 and 1000 rupees notes? These higher denomination notes are helpful for corrupt officers or Pakistani Mafia Dons who spread fake notes across the country via Nepal!
It is really shocking to know the amount of Black money that is hidden in the houses! 25% of currency in the nation are fake! Pakistan has a well organized team which prints fake Indian currency and spread it across. To create a fake note of 500 it takes around Rs40 with commission. At any cost they gain a profit of Rs100. If these notes which have higher denominations are banned, then these hidden notes should definitely come out or it is a just waste. These amount which comes out and gets deposited in banks enables for developmental activities and loans will be provided at lower interest rates.
Actually money is a media. It should be always circulating and remain still in pockets or lockers. Money is similar to blood and it is expected to be circulatory else it will be like a clot in body. Politicians encouraged corruption since Independence and it was a burden to common mass. Now ‘Artha Kranti’ proposal has created new hopes. There is a ray of hope that Modi might agree to this proposal. He tried to bring the people to bank through ‘Jan Dhan Yojana’. Seems like tying to take control over tax system by passing GST bill. The hopes has increased after Chandra Babu Naidu stated to ban the currencies of higher denominations. With this proposal as an agenda a huge meeting is held on November 11, 12, 13 in Pune and request our beloved Prime Minister to implement ‘Artha Kranti’ proposal.
Yes, we are waiting with a new ray of hope.